Barney Frank: “First, I want to say to a certain extent he's right. He's a good CEO and it is a well run bank. That's precisely why we…”

Congress generally, and this subcommittee in particular has historically played a critical role in strengthening accountability at the World Bank.

Fannie Mae and Freddie Mac do very good work, and they are not endangering the fiscal health of this country.

I urge staff to pay close attention to the differences in products offered by nonbank institutions and to be mindful of Congress's intent in financial reform that State consumer protection laws be preserved to the extent possible.

I think it is clear that Fannie and Freddie are sufficiently secure so they are in no great danger.